The area of finance revolves around money. The term covers a wide variety of sub-themes including personal finance, corporate finance, money matters relating to non-profits, personal and corporate taxation, and many others. Because money is always involved, disputes can come up between parties.
Courts can become involved. These disputes can be nerve-wracking and, in some cases, highly damaging to one or more of the parties. Sometimes a third-party professional is needed. This is where a good expert witness finance may be useful.
What is an Expert Witness?
If legal proceedings should indeed arise, an expert witness may be called in. An expert witness is a person who has special skills, detailed knowledge, and experience in the field in question. They can and often do testify in court about what they believe has happened in a certain case based on their extensive credentials. An expert witness can draw conclusions and give their opinions regarding the matters that are knowledgable about as part of the court testimony.
Problems Addressed by an Expert Witness in Finance
You may find yourself addressing problems or conflicts in situations such as these:
- Banking issues
- Debt restructuring
- Collection Issues
- Credit problems
- Lending practices
- Fraud in various financial transactions
If any of these concerns put you in a legal situation, or if the courts are involved, a conversation with a financial expert witness may be prudent. They are able to cut through complicated jargon, confusion, and fuzzy knowledge. Expert witnesses can make or break a court case.
When seeing out an expert witness, be sure to check his or her credentials carefully. You’ll want one who has been an expert witness for many years, has broad financial knowledge, and understands the inner working of all matters financial. Be sure to ask for references and check with the Better Business Bureau as well.